Tax Administration Act, 2011 (Act No. 28 of 2011)Chapter 8 : Assessments98. Withdrawal of assessments |
| (1) | SARS may, despite the fact that no objection has been lodged or appeal noted, withdraw an assessment which— |
| (a) | was issued to the incorrect taxpayer; |
| (b) | was issued in respect of the incorrect tax period; or |
| (c) | was issued as a result of an incorrect payment allocation. |
[Section 98(1) substituted by section 50 of the Tax Administration Laws Amendment Act, 2015 (Act No. 23 of 2015)]
| (2) | An assessment withdrawn under this section is regarded not to have been issued, unless a senior SARS official agrees in writing with the taxpayer as to the amount of tax properly chargeable for the relevant tax period and accordingly issues a revised original, additional or reduced assessment, as the case may be, which assessment is not subject to objection or appeal. |
[Section 98 substituted by section 46 of the Tax Administration Laws Amendment Act, 2013 (Act No. 39 of 2012)]